Special trading of ITC shares for price discovery of ITC Hotels stock

ITC Hotels Demerger News: After the top of the particular pre-open trading session for share price discovery of ITC Hotels, the price adjustment of the shares of ITC Hotels, the resort enterprise firm separated from ITC, has been executed. ITC Hotels has settled at Rs 26 on National Stock Exchange and Rs 27 on BSE.

Price Discovery of ITC Hotels

A one-hour particular trading session was held from 9 am to 10 am on BSE and NSE (National Stock Exchange) for the demerger of ITC Hotels stock. Today is the document date for the demerger of ITC Hotels stock from ITC Limited. Investors who’ve ITC shares of their demat accounts or document books as on date can be given one ITC Hotels share for each 10 ITC shares.

ITC fell by 5.60 p.c

When trading in ITC stock began after 10 am, the stock opened at Rs 455 on BSE, which is Rs 27 lower than the earlier closing price. Whereas trading began on NSE at a price of Rs 455.60, which is Rs 26 lower than the earlier closing price. That means price adjustment of Rs 27 has been seen on BSE and Rs 26 on NSE. When trading in ITC shares began at 10 am, trading within the stock began with a decline of 5.60 p.c.

When will ITC Hotels be listed?

ITC Hotels’ dad or mum firm ITC has not introduced when the corporate can be formally listed on the stock change. But after the demerger from Reliance Industries, the itemizing of Jio Financial passed off after a month. According to that, stock change itemizing of ITC Hotels is feasible after a month i.e. within the first or second week of February. ITC Shareholders who wish to get ITC Hotels shares will quickly have ITC Hotels shares credited to their accounts.

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